Question
A person purchased an article for Rs. 2000 which was
marked up by 25% above its cost price. The discount given by seller to person was Rs. 400. By how much more price, should the seller have sold to gain 20%?Solution
Marked price of the article = 2000 + 400 = Rs. 2400 Cost price of the article= 2400/1.25 = Rs. 1920 Required selling price = 1.20 × 1920 = Rs. 2304 Required amount = 2304 – 2000 = Rs. 304
The Institute of Insurance and Risk Management (IRM) was founded in which of the following year?
________________ is some amount of money will paid before insurance will pay 100% for an individual’s health-care expenses.
Consider the following statement:
I. Section 25 of IRDAI Act, 1999 lays down for establishment of Insurance Advisory Committee.
II. I...
Which of the following statements is false?
Which among the following is the oldest existing insurance company in India?
The first private health insurance company in India was:
“Prithvi, Agni, Jal, Akash, SabkiSurakshaHamarePaas” is the tagline of which insurance company?
What type of insurance covers goods in transit by road, rail, sea, or air against various risks?
A policy that covers the risk of theft of goods from a shop is:
What is the purpose of "mitigation of loss"?
